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Dover Corporation (DOV - Free Report) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company reported adjusted earnings per share (EPS) of $1.60 in third-quarter 2019, beating the Zacks Consensus Estimate of $1.53. Earnings also improved 18% year over year.
Revenue: Dover posted revenues of $1,825 million, which surpassed the Zacks Consensus Estimate of $1,811 million.
Outlook: For 2019, Dover’s adjusted EPS guidance is at $5.82-$5.85.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the third quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.53 for the quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 6.91%.
Market Reaction: Dover’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dover earnings report later!
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
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Dover (DOV) Earnings & Sales Beat Estimates in Q3
Dover Corporation (DOV - Free Report) is an industrial conglomerate producing wide range of specialized industrial products and manufacturing equipment. The company reported adjusted earnings per share (EPS) of $1.60 in third-quarter 2019, beating the Zacks Consensus Estimate of $1.53. Earnings also improved 18% year over year.
Revenue: Dover posted revenues of $1,825 million, which surpassed the Zacks Consensus Estimate of $1,811 million.
Outlook: For 2019, Dover’s adjusted EPS guidance is at $5.82-$5.85.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Dover for the third quarter have been stable ahead of the earnings release. The Zacks Consensus Estimate currently stands at $1.53 for the quarter.
As regards earnings surprise, Dover has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 6.91%.
Dover Corporation Price and EPS Surprise
Dover Corporation price-eps-surprise | Dover Corporation Quote
Zacks Rank: Currently, Dover has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Dover’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Dover earnings report later!
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>